Short Interest in American Homes 4 Rent (NYSE:AMH) Increases By 36.9%

American Homes 4 Rent (NYSE:AMH) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 11,264,869 shares, a growth of 36.9% from the November 30th total of 8,231,308 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 3,022,638 shares, the days-to-cover ratio is presently 3.7 days. Based on an average daily trading volume, of 3,022,638 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.2% of the company’s shares are short sold.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average cost of $31.65 per share, with a total value of $31,650.00. Following the completion of the purchase, the director owned 7,991 shares in the company, valued at approximately $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jack E. Corrigan acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the acquisition, the director directly owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 6.01% of the company’s stock.

Institutional Trading of American Homes 4 Rent

A number of institutional investors have recently bought and sold shares of AMH. Vanguard Group Inc. lifted its holdings in shares of American Homes 4 Rent by 0.6% in the third quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after acquiring an additional 246,713 shares during the last quarter. Norges Bank bought a new position in American Homes 4 Rent in the 2nd quarter valued at approximately $796,706,000. State Street Corp lifted its stake in American Homes 4 Rent by 2.2% in the 3rd quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares during the last quarter. Geode Capital Management LLC boosted its position in American Homes 4 Rent by 0.4% in the second quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock valued at $250,566,000 after buying an additional 31,179 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its stake in shares of American Homes 4 Rent by 25.9% during the third quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after buying an additional 1,082,972 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded up $0.18 during trading on Tuesday, reaching $32.26. 2,062,720 shares of the stock were exchanged, compared to its average volume of 2,751,703. American Homes 4 Rent has a 12 month low of $30.11 and a 12 month high of $39.49. The stock has a 50-day moving average price of $31.84 and a 200-day moving average price of $33.70. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a market cap of $11.97 billion, a PE ratio of 27.34, a PEG ratio of 3.02 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business had revenue of $478.46 million during the quarter, compared to analysts’ expectations of $475.75 million. During the same period last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.30 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. American Homes 4 Rent’s dividend payout ratio is 101.69%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, December 21st. Mizuho dropped their price target on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Wells Fargo & Company decreased their price objective on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Morgan Stanley dropped their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Finally, Barclays lowered their price target on American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $38.14.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.